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Anonymous
Guest
Nice to see the SEC finally back to work after there 8 year vacation..
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News Alert: Politically connected Wyly brothers charged with fraud
06:18 PM EDT Thursday, July 29, 2010
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The SEC has charged Samuel Wyly and Charles Wyly -- billionaire brothers in Texas who have been major political donors to conservative campaigns -- with reaping more than $550 million through fraudulent practices. The Wylys violated federal securities laws by using offshore accounts to secretly trade the shares of public companies whose boards they sat on, the SEC alleged.